Term insurance is a category of life insurance designed to offer financial support to the dependents or beneficiaries of the insured individual in the event of their untimely demise. While no amount of money can ever substitute a person, term insurance serves as a crucial safety net for the primary earner of a family, ensuring a layer of financial security in the face of demise. In this blog post, we will explain why term insurance is important, how to choose the right term plan, and what are the common myths and misconceptions about term insurance.